New research reveals how property prices have risen under different governments in the UK – with the revelation that house prices have grown more under Labour than Tories over the last 50 years.
The average annual house price growth under Labour since 1954 is 9.45% while under the Conservatives it’s 6.45%. This is despite Labour being in power during the 2008 financial crash, and the Tories introducing the Stamp Duty Tax holiday in 2020 that caused a small house price boom.
The study – by Clifton Private Finance – has analysed data from the Nationwide House Price Index since 1954, compared property price trends with political leadership over the same period. Labour governed for 19 of the 50 years analysed, while the Conservatives held power for 31 years.
Since 1954, the UK seen the average property price increase from £1,853 to £281,000.
“This research provides an interesting historical perspective on the relationship between political leadership and property market performance” says Sam Hodgson, editor at Clifton Private Finance.
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